Check out some available loans that are similar to this one!
Patricia
Patricia is part of the community bank "Newen" which is located in the city of Penco. She works selling clothes and accessories from her home and has been doing this for 3 years. However, owing to the earthquake of February 27th, 2010, the people here have been very scared and have had to give greater priority to more basic necessities, and therefore clothes sales have diminished. As a result she has had to expand her business by making sweet breads, wholewheat bread, and kneaded bread, and she sells these goods to the workers at a factory which means she has frequent customers.
She buys her clothes and accessories supplies in the city of Santiago and the supplies for her baking she buys in the city of Concepción. She also makes costume jewelry. She has been doing this for 19 years. She currently also knits and sells scarves with innovative designs that are different from the ones found in the market. Lamentably, the earthquake completely devastated her home and she lost all her work materials and had to start again with nothing. She had to buy everything and also had to move home.
She will use the loan to buy clothes, white and wholemeal flour, and oil and salt.
Her greatest dreams are to pay her monthly expenses and live quietly and in harmony with her family. Hence her motivation to continue with these different businesses.
Patricia lives with her daughters who are 28 and 27 years old as well as her 4 year old granddaughter. She feels very supported by her entire family.
Patricia is very happy and grateful for the loan from Fondo Esperanza, as this will be invested in all her businesses and generate greater income. She also comments that Fondo Esperanza offered her a lot of help after the earthquake. With respect to the bank meetings, there is much camaraderie, and they serve as a distraction and opportunity to pass some pleasant time together. Penco is a community close to the city of Concepción, in the south of Chile, in the Bíobío region. Its name comes from the Mapudungun and means laurel water. This is one of the most populous communities in the region and it has industrial centers and a port.
View original language description ↓
Patricia forma parte del banco comunal “Newen” perteneciente a la ciudad de Penco. Ella se dedica a la venta de ropa y accesorios en su propia casa. Desde hace 3 años. Sin embargo, debido al terremoto del 27 de febrero del año 2010, la población quedó muy asustada y debió darle prioridad a cubrir las necesidades más básicas, por lo tanto la compra de ropa fue disminuyendo, por lo que debió añadir a su negocio la producción de pan dulce, integral y amasado, estos productos los vende a particulares en una fabrica. Por lo que sus clientes ya son frecuentes. Su mercadería de ropa y accesorios, la compra en la ciudad de Santiago, y los insumos de amasandería los compra en la ciudad de Concepción. También se dedica a la artesanía en joyas de fantasía y cristales. Éste rubro lo practica desde hace 19 años. En la actualidad también se encuentra tejiendo y vendiendo bufandas con diseños innovadores y diferentes a los del mercado. Lamentablemente el terremoto asoló su vivienda completamente, lo que le significó la perdida de todos sus materiales de trabajo y debió comenzar de cero. Tuvo que comprar de todo y además se cambió de domicilio.
Con el préstamo comprará ropa, harina de trigo y blanca, además de aceite y sal.
Sus principales sueños son pagar sus cuentas mensuales y vivir tranquila y en armonía junto a su familia. Por ende sus motivaciones de continuar con estos diversos negocios.
Patricia vive junto a sus hijas de 28 y 27 años de edad, además su nieta de 4 años. Ella se siente muy apoyada por su entorno familiar.
Patricia está muy contenta y agradecida del crédito obtenido por Fondo Esperanza, ya que éste le servirá para invertir en todos sus negocios y generar mejores ganancias. Además comenta que Fondo Esperanza, le brindó mucha ayuda, para el terremoto. Respecto a las reuniones, existe mucha camaradería, además le sirve para distraerse y pasar un momento agradable. Penco es una comuna cercana a la ciudad de Concepción, al sur de Chile, región del Bíobío. Su nombre viene del mapudungun y significa "agua de peumo". Es una de las comunas con mayor cantidad de habitantes en la región. Cuenta con centros industriales y un puerto.

Additional Information

About Fondo Esperanza

Fondo Esperanza (FE) is a private non-profit organization that supports entrepreneurship by providing micro-credit and training to people living in poverty in well over 100 cities throughout Chile. By providing these services, FE aims to improve the living conditions of the entrepreneurs and their families. In 2010, FE provided loans to more than 41,000 entrepreneurs. It utilizes a communal banking model in which groups of 18 to 25 clients meet on regularly and guarantee each other’s loans. The members use their portion of the loan to create or expand their own businesses. In the group meetings, clients receive training though the FE Entrepreneurship School, which enhances clients’ personal and business skills and ability to work in groups.

About Chile

  • $14,900
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,587,775
    Funds lent in using Kiva
  • 473.2
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Patricia to buy rope, wheat flour and white flour, as well as oil and salt.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 18, 2011
Listed
Apr 24, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011